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Available For Sale - Multifamily

17,555 SF | Show Pricing $

AVAILABILITY DETAILS

Size
17,555 SF
Price/SF
Show Pricing $
Listing ID
SA435502
Notes
Cap Rate 4.46%

NOI $432,116

Cash-on-Cash 5.8%

Pro Forma Cap Rate 6.76%

Building Size 17,555 sqft

Lot Area 0.173 acres

Occupancy 98%

Class B

Units 36

GRM 14.02

Year Built 1927

Price Per Sqft $552

Price Per Unit $269,111

Floors 4

Parking Spots 15

Year Last Renovated 2020



HIGHLIGHTS

36-UNIT VALUE-ADD APARTMENT BUILDING

POTENTIAL FOR 5.88% CASH-ON-CASH RETURN IN YEAR 1

SIGNIFICANT INTERIOR & EXTERIOR CAPITAL IMPROVEMENTS COMPETED

50% OF THE UNITS HAVE BEEN TURNED AND RENOVATED WITH HIGH-END FINISHES

BLOCKS FROM NORTH BERKELEY BART & UNDER 1-MILE TO 4TH ST. RETAIL CORRIDOR
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Kristen Gaer, CBRE